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Royal Mail (LON:RMG)‘s stock had its “sell” rating reaffirmed by analysts at Deutsche Bank in a research report issued on Friday, July 12th, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts have also weighed in on RMG. Berenberg Bank reissued a “hold” rating and issued a GBX 240 ($3.14) target price on shares of Royal Mail in a research note on Thursday, June 20th. Jefferies Financial Group reissued an “underperform” rating on shares of Royal Mail in a research note on Thursday, July 11th. Barclays reissued an “overweight” rating on shares of Royal Mail in a research note on Friday, July 12th. Credit Suisse Group reduced their price target on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating on the stock in a report on Wednesday, May 29th. Finally, Societe Generale upgraded Royal Mail to a “hold” rating and reduced their target price for the stock from GBX 235 ($3.07) to GBX 208 ($2.72) in a report on Friday, June 14th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 250.46 ($3.27).
RMG stock traded down GBX 1.70 ($0.02) during mid-day trading on Friday, hitting GBX 211.10 ($2.76). 5,653,384 shares of the stock were exchanged, compared to its average volume of 5,850,000. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. The firm’s fifty day simple moving average is GBX 211.32. Royal Mail has a 12 month low of GBX 192 ($2.51) and a 12 month high of GBX 492.50 ($6.44). The company has a market cap of $2.11 billion and a PE ratio of 12.06.
In other news, insider Rico Back purchased 51,702 shares of the stock in a transaction dated Tuesday, June 4th. The shares were purchased at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders have bought a total of 251,839 shares of company stock worth $51,718,658 over the last three months.
Royal Mail Company Profile
Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.
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